Re: OT-- N. Orleans insurance

Posted by JRM on September 17, 2005 at 18:22:16 from (64.12.117.7):

In Reply to: OT-- N. Orleans insurance posted by Just Curious on September 17, 2005 at 13:03:35:

This will get ugly before it gets resolved. The government of Miss. is suing 5 insurance companies to get them to pay claims for flooding due to the hurricane even though no premium dollars were collected for this risk. While I certainly feel for those that lost everything, I am sickened by this action. We'll all pay far more for insurance in the future if this lawsuit prevails. How will insurance companies even stay in business if they have to pay claims for risks they never collected payments for?

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